Michigan § 390.1223 Disclosure of restrictive policies or practices.

Michigan Statutes

§ 390.1223 — Disclosure of restrictive policies or practices.

Michigan § 390.1223

Ch. 390UNIVERSITIES AND COLLEGES

Act 167 of 1976DISCLOSURES AS TO LOANS FOR EDUCATIONAL PURPOSES (390.1221-390.1224)

This text of Michigan § 390.1223 (Disclosure of restrictive policies or practices.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 390.1223 (2026).

Text

DISCLOSURES AS TO LOANS FOR EDUCATIONAL PURPOSES (EXCERPT) Act 167 of 1976 390.1223 Disclosure of restrictive policies or practices. Sec.

3.If a lender follows or adopts a policy or practice with respect to loans which restricts a repayment option or condition permitted to be made available on the loan, the lender shall disclose this in the manner prescribed in section 2(1) and shall describe how the lender's policy or practice is more restrictive than that permitted.

Free access — add to your briefcase to read the full text and ask questions with AI

DISCLOSURES AS TO LOANS FOR EDUCATIONAL PURPOSES (EXCERPT) Act 167 of 1976 390.1223 Disclosure of restrictive policies or practices. Sec. 3. If a lender follows or adopts a policy or practice with respect to loans which restricts a repayment option or condition permitted to be made available on the loan, the lender shall disclose this in the manner prescribed in section 2(1) and shall describe how the lender's policy or practice is more restrictive than that permitted.